HAYW
Hayward Holdings, Inc.
HAYW has slightly lower modeled downside risk, despite its lower overall score.
VRT
Vertiv Holdings Co
VRT has the edge over HAYW overall, supported by stronger valuation and stronger modeled upside.
HAYW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Stable | |
| Stable |
HAYW's profitability is currently strong, and its revenue, cash flow and balance sheet are stable.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
HAYW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.5x | $7.41 | -56% |
| Forward | 18x | $16.69 | — |
| Current | 21x | $16.69 | — |
| Fair | 25x | $19.73 | +18% |
| Expensive | 37x | $29.13 | +75% |
Historical ranges are pointers, not guarantees.
HAYW's PE is in its fair range at 21x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over HAYW in the historical PE scenario, which offers more potential upside but is not a forecast.
HAYW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HAYW, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
HAYW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.91 | +16% |
| Q3 2026 | $0.78 | +24% |
| Q2 2026 | $0.74 | +25% |
| Q1 2026 | $0.73 | +30% |
| Q4 2025 | $0.68 | +26% |
| Q3 2025 | $0.63 | +47% |
| Q2 2025 | $0.59 | +44% |
| Q1 2025 | $0.56 | +51% |
| Q4 2024 | $0.54 | +46% |
HAYW's earnings per share have fallen from their peak: $0.78 over the past year, against $1.71 in mid-2022.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over HAYW on earnings, with stronger typical year-over-year growth.
HAYW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $260.1M | +6.5% |
| Q2 2026 | $318.4M | +6.3% |
| Q1 2026 | $255.2M | +12% |
| Q4 2025 | $349.4M | +6.8% |
| Q3 2025 | $244.3M | +7.4% |
| Q2 2025 | $299.6M | +5.3% |
| Q1 2025 | $228.8M | +7.7% |
| Q4 2024 | $327.1M | +17% |
HAYW's revenue has grown year over year for 12 quarters in a row: $260M last quarter, up 6.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +2.5 points |
| Q2 2026 | 24% | 0 points |
| Q1 2026 | 17% | +2 points |
| Q4 2025 | 25% | +1.6 points |
| Q3 2025 | 17% | +2.1 points |
| Q2 2025 | 24% | -0.1 points |
| Q1 2025 | 15% | +0.1 points |
| Q4 2024 | 23% | +3.5 points |
HAYW's operating margin was 19% last quarter, up 2.5 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over HAYW on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over HAYW on profitability, with a higher operating margin.
HAYW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $43M | -51% |
| Q2 2026 | $311.9M | +67% |
| Q1 2026 | -$157.8M | -$146.4M |
| Q4 2025 | -$35.8M | +$34.6M |
| Q3 2025 | $87.2M | +48% |
| Q2 2025 | $187.3M | -34% |
| Q1 2025 | -$11.4M | +$71.8M |
| Q4 2024 | -$70.4M | -$29.7M |
HAYW still generates free cash flow, though less than at its 2026 peak: $161M over the past year.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over HAYW on cash flow, with more consistent year-over-year improvement.
HAYW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.9% | -4.3M shares |
| 1 year | -2.6% | -5.9M shares |
| 3 years | -2% | -4.3M shares |
| 5 years | -11% | -27.3M shares |
| Available history | -6.5% | -15.2M shares |
HAYW has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $51M |
| Q2 2026 | $58.5M |
| Q1 2026 | $5.9M |
| Q4 2025 | $3.9M |
| Q3 2025 | $68,000 |
| Q2 2025 | $80,000 |
| Q1 2025 | $993,000 |
| Q4 2023 | $118,000 |
HAYW spent $119M buying back its own shares over the past year.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
HAYW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.2x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.9x | Moderate |
| Q4 2024 | 2.9x | Moderate |
HAYW's net debt is about 2.5 years of its operating earnings (EBITDA), up from 1.9 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over HAYW on leverage, with a lower net debt burden relative to earnings.
HAYW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.5 | Neutral |
| Stochastic | 89.4 | Overbought |
HAYW's weekly RSI is 63 (neutral) and its Stochastic is 89 (overbought).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
HAYW PE vs Industrials Sector
| Metric | HAYW | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 24x | 11% below |
| PE % | 34 | 59 | 25 pts below |
HAYW has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
HAYW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.7 | 21% above |
| 20 week MA | $14.3 | 17% above |
| 50 week MA | $14.9 | 12% above |
| 100 week MA | $14.8 | 13% above |
| 200 week MA | $14.1 | 19% above |
HAYW has the edge over VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
HAYW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $17.0 | $24.6 | +44% |
| 2022 | $24.6 | $9.38 | -62% |
| 2023 | $9.38 | $13.6 | +45% |
| 2024 | $13.6 | $15.4 | +14% |
| 2025 | $15.4 | $15.9 | +3.2% |
| 2026 YTD | $15.9 | $16.7 | +4.7% |
HAYW has finished higher in four of the last five years. It's up 4.7% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over HAYW on returns for 2026, with the stronger performance.